Russian fashion brands increased revenue up to 40% after the exit of foreign companies
22.07.2022 2409

Russian fashion brands increased revenue up to 40% after the exit of foreign companies

The President of the Russian Trade Center (RSTC), Dmitry Moskalenko, said that the revenue of Russian clothing brands rose to 40% after the departure of foreign companies, retailers are increasing their retail space, TASS reports.

According to Moskalenko, earlier retailers rented 500 sq. m. meters, now they are ready to consider stores up to 700-800 sq. meters, because "they see an increase in consumption and are ready to adjust their format to this."

Melon Fashion Group, which owns such brands as Zarina, Befree, Love Republique and Sela, takes an active position in this direction. Development prospects are also seen by Stockmann, Trend Island, Crocus Group department stores.

 

 

President of the Russian Trade Center (RSTC) Dmitry Moskalenko said that the revenue of Russian clothing brands has grown to 40% after the departure of foreign companies, retailers are increasing their…
5
1
Rating

Latest News

Brazil reports growth in footwear exports for 2 months of 2025

Brazilian footwear exports in the first two months of 2025 reached 21 million pairs, with a turnover of $174,23 million. In February, 9,6 million pairs were exported, up 18,9% in volume and 8,9% in value compared to the previous…
14.03.2025 190

Demna Gvasalia becomes creative director of Gucci

Gucci has hired Demna Gvasalia as its creative director. He replaces Sabato De Sarno, who was fired on February 6 after just three…
14.03.2025 200

Zegna to Build Shoe Factory in Italy

Italian luxury group Zegna has begun construction of its own factory in Italy, a few kilometers from Parma.  
13.03.2025 291

Radical Chic Releases Collaboration With Buryat Artist Zorigto Dorzhiev

The collaboration between Radical Chic and Zorigto Dorzhiev resulted in a collection of two silk scarves, “Nomad” and “Erdene”. The basis for the new designs were two original works by the artist, “Four Horsemen” and…
13.03.2025 498

Geox sales down 7,8% in 2024.

Italy's Geox Group reported a 2024% year-on-year decline in 7,8 sales to €663,8 million. Only in the fourth quarter did sales rise slightly, by 0,5% year-on-year, at current exchange rates to 138…
12.03.2025 705
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning